National Bank of Canada FI Sells 9,187 Shares of DRDGOLD Limited (NYSE:DRD)

National Bank of Canada FI lowered its position in shares of DRDGOLD Limited (NYSE:DRD) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,236 shares of the basic materials company’s stock after selling 9,187 shares during the quarter. National Bank of Canada FI’s holdings in DRDGOLD were worth $1,288,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in DRDGOLD by 53.0% during the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 1,122 shares during the period. QRG Capital Management Inc. purchased a new stake in shares of DRDGOLD during the 4th quarter valued at $98,000. Virtu Financial LLC bought a new stake in shares of DRDGOLD during the 3rd quarter worth $119,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of DRDGOLD in the 4th quarter worth about $176,000. Finally, Public Employees Retirement System of Ohio bought a new position in DRDGOLD during the third quarter valued at about $431,000. Hedge funds and other institutional investors own 14.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DRD. StockNews.com upgraded shares of DRDGOLD from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. HC Wainwright dropped their price objective on DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a research note on Wednesday, February 19th.

DRDGOLD Stock Performance

Shares of DRD opened at $13.39 on Wednesday. The firm has a market cap of $1.16 billion, a P/E ratio of 10.62 and a beta of 0.88. DRDGOLD Limited has a fifty-two week low of $7.64 and a fifty-two week high of $15.92. The business has a 50-day moving average of $12.59 and a 200 day moving average of $10.88.

DRDGOLD Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a dividend of $0.1628 per share. This represents a dividend yield of 1.8%. The ex-dividend date was Friday, March 14th. DRDGOLD’s payout ratio is currently 19.05%.

About DRDGOLD

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. It also involved in the exploration, extraction, processing, and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.